Behavioral Economics Fincap Fridays

Selling Like Hot Brakes

The price of both used and new cars has risen dramatically from 2020 - 2022. Buyers keep buying at higher prices! Why are people willing to keep paying these record high prices for new vehicles?

Gotta Habit

Survey results showed that American parents are giving their kids about $30 a week on average for allowance, but kids aren't saving any of it. They need to break the habit of spending all their allowance to learn how to save.

Until the Game Stops

In late January of 2021, GameStop (GME), was all over the news because of a stock market frenzy. So many people are left with questions about the events that occurred and this episode breaks down the basics.

Scroll, Tap, Pay

Instagram has a new feature called checkout, allowing you to purchase products directly from Instagram instead of having to visit another website. While this may seen convenient, it makes it easier for people to impulse buy.

Biases Behind Choices

As humans, we make judgments about people, opportunities, policies, markets & more. A recent report of generational banking and financial beliefs/habits from BAI shares findings about Generation Z's biases.

Deals for Days

Every year, people go bonkers for the shopping deals that come around the day after Thanksgiving. This is known as Black Friday. But what's the big deal about it anyway? And, will things change in 2020 & beyond because of covid?

Financial FOMO

Pre-pandemic, people though of FOMO as feeling left out of event you didn't attend. But, since the world has become much more digital, FOMO has been adapted by companies and marketing agencies trying to get us to spend more.

4/2/2021 - Viral or Vicious?

The personal finance community on social media is large! There are many who believe that this type of content is life-changing in a positive way, others think there are more negative aspects to financial advice on social media.

Coins for Kids

Did you know that your understanding of what money is begins at a very early age? You also build habits at a young age around saving, spending and gifting money. Data shows that it pays to teach kids the value of a dollar.